Blogging Options: CBOE Morning Update 7.28.14

Markets opening soft this morning.  CAT, MMM & Visa off ~$1 and moving the DJIA lower, whine AMZN off $6 and ISRG lower by $5 dragging the NASDAQ lower.  CBOE did 4.3mm of ~15.9mm contracts Friday – SPX with ~900k volume. VIX Futures with 44k traded in this morning’s session.  Volatility as an asset class:

Family Dollar Stores (FDO) opened  up $13.40 to $74.06 on Dollar Tree (DLTR) acquiring it for $74.50 per share. Overall option implied volatility of 25 is near its 26-week average of 27.

Dollar Tree overall option implied volatility of 21 is near its 26-week average of 22.

Sohu.com (SOHU) is down $1.00 to $56.40  after the internet portal reporting disappointing Q2 sales and guided weak Q3 sales. August call option implied volatility is at 54, December is at 40; compared to its 26-week average of 42.

Options expected to be active @ CBOE:  SOHU CYOU FDO DLTR X TEVA WYNN GPRO TWTR FSLR

CBOE S&P 500 BuyWrite Index (BXM) at 1095.06, compared to its 10-day moving average of 1092.07 cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) at 270.33, compared to its 50-day moving average of 267.73 cboe.com/micro/bxd/

iPath S&P 500 VIX Short-Term Futures (VXX) is recently up 2c to 28.85.

CBOE Volatility Index (VIX) higher by $0.78 at 13.47, compared to its 10-day moving average of 12.24 and its 50-day moving average of 11.78. cboe.com/VIX

CBOE S&P 500 Short-Term Volatility Index (VXST) higher by 2.00 to 13.84 in the first 20 minutes of trading, compared to its 50-day moving average of 11 stks.co/r0CS2

SPDR S&P 500 ETF Trust (SPY) is recently down 9c to $197.63 into this week’s Federal Reserve meeting, July jobs reports and corporate results.

Calls with increasing volume at CBOE:

SPY 7/25/2014 197.50 23K contracts
AAPL 8/22/2014 100 21K
BIDU 8/16/2014 220 13K
YHOO 7/25/2014 36 10K

Puts with increasing volume at CBOE:

SPY 7/25/2014 197.50 23K contracts
AAPL 7/25/2014 97 17K
IWM 7/25/2014 114 9K
VXX 12/20/2014 20 6K